An ignition-switch problem that prompted General Motors Co. to recall almost 800,000 cars last week was identified in a 2007 report to U.S. regulators who then stopped short of ordering a defect investigation.
Elon Musk, the billionaire co- founder of electric carmaker Tesla Motors Inc., is sniping over semantics with the industry’s regulator, the latest step in what he calls a crusade to revolutionize the automobile.
Chrysler Group LLC’s decision to fix some of the 2.7 million sport-utility vehicles linked to 51 deaths in post-crash fires averts what could have been the biggest showdown with U.S. regulators in three decades over a safety defect.
Chrysler Group LLC’s decision to repair as many as 2.7 million sport-utility vehicles linked to 51 deaths in post-crash fires averts what could have been the biggest showdown with U.S. regulators in three decades over a safety defect.
The top U.S. auto-safety regulator said he is “working through the bully pulpit” to make sure rental-car companies such as Avis Budget Group Inc. and Hertz Global Holdings Inc. complete repairs on recalled vehicles.
A year ago, U.S. auto-safety regulators closed a probe into unintended acceleration by Toyota Motor Corp. vehicles, saying floor mats and sticky accelerator pedals were to blame. Yesterday, regulators said all cars should have safety features that address acceleration from electronic malfunctions and other causes.
Tesla Motors Inc. cars have caught fire after collisions more often than gasoline-powered vehicles, according to a Massachusetts Institute of Technology report rebutting assertions by Elon Musk, the electric-car maker’s chief executive officer.
Tesla Motors Inc.’s share price slide this week, triggered by news of a third Model S fire and quarterly results that dissatisfied some investors, eased as the its main battery-cell supplier voiced support for the carmaker.